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Selling off public assets only offers temporary relief to debt crisis, says World Bank

The World Bank has criticised the government’s strategy of off-loading lucrative public assets, warning that selling these prized businesses only offers short-term relief to the country’s debt crisis.

By Graham Kajilwa 1 day ago

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Economy posts robust growth but leaves Kenyans worse off

Limited access to long-term financing, external economic pressures, and slow job creation are major obstacles preventing average Kenyans from benefiting from the country’s economic growth.

By Graham Kajilwa 2 days ago

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State think tank: Raising VAT risks driving firms to informal sector

The paper analyses the possibility of Kenya lowering the VAT rate as an incentive to grow the economy.

By Graham Kajilwa 4 days ago

GCR affirms Kenya Re B, AA financial rating

GCR's financial strength ratings are a widely used reference point for insurers, reinsurers, brokers and regulators across Africa

By Graham Kajilwa 4 days ago

KNCCI, Co-operative Bank to expand financial access for small businesses

Limited access to affordable trade finance continues to lock out thousands of Kenyan farmers, cooperatives and MSMEs from lucrative international markets.

By Graham Kajilwa 6 days ago

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Surge in Tanzania, Uganda units push EABL net profit to record Sh18.2 billion

Regional brewer East African Breweries Ltd (EABL) has posted a record net profit of Sh18.2 billion for the year ended June 2026.

By Graham Kajilwa 5 days ago

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Satellite property prices feel the squeezy of the economy

Economic pressures are dragging down property and land prices in many Nairobi satellite towns, though a few areas continue to post modest growth.

By Graham Kajilwa 6 days ago

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Tenant tolerance: Why Pipeline Estate keeps attracting more residents

A survey finds most Pipeline Estate tenants tolerate poor housing conditions, with few willing to pay more for upgrades despite overcrowding and sanitation challenges.

By Graham Kajilwa 6 days ago

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When credit is not the right solution for your business

For many business owners, whenever there is a cash crunch, the instinctive response is to borrow.

By Graham Kajilwa 7 days ago

eSIM providers eye Kenya's growing diaspora market

For many Kenyan families, one of their greatest fears is losing contact with a loved one working abroad, especially when communication suddenly stops without explanation.

By Graham Kajilwa 7 days ago

Why Vision 2030 missed Kenya's 10pc growth goal

Kenya’s flagship economic plan is facing renewed scrutiny after falling well short of its central promise of delivering sustained double-digit economic growth.

By Graham Kajilwa 8 days ago

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Early pension withdrawals surge amid economic strain

Early pension withdrawals are rising nearly three times faster than formal sector job creation, raising concerns that retirement savings are becoming a source of short-term survival.

By Graham Kajilwa 9 days ago

Safaricom, EABL spark corporate bonds frenzy

Double-digit returns offered by notes listed on the Nairobi Securities Exchange (NSE) in 2025 appear to have fuelled nearly an 80 per cent increase in pension assets allocated to corporate bonds.

By Graham Kajilwa 11 days ago

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New continental competition rules set for December

Kenya’s budding fintech and banking sectors are among the areas the country will consider as it seeks to domesticate continental competition rules in line with the implementation of the AfCFTA

By Graham Kajilwa 14 days ago

Moody's gives Kenya Re stable outlook

Moody’s has affirmed Kenya Re international and national scale financial strength ratings at B and AA+(KE) respectively, which carry a stable outlook for the business.

By Graham Kajilwa 14 days ago

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Why Kenya's digital infrastructure is failing to deliver stronger economic growth

A new report says Kenya must complement investment in digital infrastructure with stronger digital platforms, skills and institutions.

By Graham Kajilwa 15 days ago

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County workers' pension assets grow to Sh68 billion

The County Pension Fund grew its net assets to Sh68.28 billion in 2025 as membership and participating institutions increased.

By Graham Kajilwa 16 days ago

BAT posts Sh3.1 billion half-year net profit

BAT has posted a profit after tax of Sh3.075 billion in the first six months of 2026, a performance the company has described as resilient against a challenging operating environment.

By Graham Kajilwa 19 days ago

Kenya to tap Chinese power expertise to boost manufacturing

The government plans to tap into the developed Chinese power generation market in a bid to transform Kenya into a regional manufacturing hub.

By Graham Kajilwa 20 days ago

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Will Kenyan workers survive AI jobs onslaught?

For an economy not only struggling to create new jobs but also safeguard the ones in place, any conversation about adoption of artificial intelligence (AI) leaves a bad taste in the mouth of workers.

By Graham Kajilwa 21 days ago

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Lamu refinery eyes Africa's 86 million tonnes fuel import gap

A planned Sh2.2 trillion refinery in Lamu is expected to strengthen Africa's fuel security by reducing the continent's growing dependence on imported petroleum products.

By Graham Kajilwa 23 days ago

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Why Kenya's middle class could be shrinking fast

From available data, the perceived middle class might have been judged harshly or too early.

By Graham Kajilwa 24 days ago

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Why civil society wants Kenya's Sh13 trillion debt discussed at dinner tables

If Kenya’s Sh13.0 trillion public debt was to be divided equally among the population – from newborns to the elderly – then every person would be handed a bill of Sh240,740.

By Graham Kajilwa 24 days ago

Why public servants have less than a month to update pension records

Government has directed all public servants to update their records with the Public Service Superannuation Fund by August 14, 2026, in the latest step towards modernising pension administration.

By Graham Kajilwa 25 days ago

New deal to give KDF home loans

Over 50,000 active military personnel have been onboarded into the Civil Servants Housing Mortgage Scheme in a new partnership that seeks to make home loans accessible to the uniformed officers.

By Graham Kajilwa 27 days ago

20 African nations approve formation of a regional maritime university

More than 20 countries from Eastern, Southern and Northern Africa have supported plans to establish the region's first maritime university aimed at pooling scarce resources.

By Graham Kajilwa 27 days ago

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Paper vs property: Why the high net-worth are abandoning real estate

Financial instruments such as bonds, fixed income securities and money market funds, are said to continue attracting investors who are seeking stability amid economic volatility.

By Graham Kajilwa 28 days ago

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Report reveals what Kenya's superrich spend on

The 2026 Wealth and Investment Trends Report by Knight Frank shows at least three in 10 Kenyans buy these items just to fit in the superrich club.

By Graham Kajilwa 28 days ago

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Regulatory maze slows Kenya's drive for bigger EU exports

Key export products include cut flowers, fresh vegetables, fruits, coffee and tea.

By Graham Kajilwa 28 days ago

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KRA posts strong growth in tax collection

Total collections rose by Sh90 billion, with the taxman saying this was a result of a change of strategy to tax administration efforts over hikes.

By Graham Kajilwa 1 month ago

Cotu rejects new wages published by Labour CS

Cotu has dismissed the recent gazette notice on wage increments, saying it does not reflect the 12 per cent increase as directed by President William Ruto.

By Graham Kajilwa 1 month ago

EU pushes Kenya to diversify exports beyond agriculture

The European Union has urged Kenya to diversify its exports beyond agriculture and invest in value addition to maximise opportunities under the Kenya-EU Economic Partnership Agreement.

By Graham Kajilwa 1 month ago

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Kenya's dilemma in balancing power shortages, UN green goals, and a data centre real estate boom

Amid a new push by the United Nations for data centres to transition to renewable energy and disclose their environmental footprints, Kenya appears to be at the crossroads.

By Graham Kajilwa 1 month ago

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How diaspora property investors have changed tack in remittances

Rather than remitting money to family members to invest on their behalf, many diaspora clients pay developers directly through international bank transfers.

By Graham Kajilwa 1 month ago

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Sub-contracting policy gap hit leather sector as Cabinet steps in with Sh5.8b support plan

A Sh5.8 billion leather value chain revamp deal has received the Cabinet's nod as the government moves to revitalise the sector currently riddled with gaps in sub-contracting.

By Graham Kajilwa 1 month ago

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How local borrowing is stifling Kenya's infrastructure capital needs

A new report warns that Kenya’s growing reliance on domestic borrowing is crowding out long-term investment in infrastructure.

By Graham Kajilwa 1 month ago

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How Kenyans in diaspora can protect their wealth

Whenever there are major discussions about cross-border succession, the connotation has been that it is more of a rich people's problem, and particularly the ultra-wealthy.

By Graham Kajilwa 1 month ago

Taxman eyes more billions from tax amnesty

KRA says the re-introduction of this amnesty programme is based on previous similar initiatives that were a success in bumping up revenue collection and compliance.

By Graham Kajilwa 1 month ago

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Sacco borrowing shifts toward medical and education needs

Medical expenses emerged as the most pressing need for members of savings cooperatives in the year that ended on March 2026, as sectoral credit demand grew by 31.03 per cent in the period.

By Graham Kajilwa 1 month ago

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Kenya's courier sector races to keep pace with e-commerce boom

Kenya's courier industry is being forced to rethink how parcels reach consumers as rapid growth in e-commerce, social commerce and mobile shopping exposes persistent weaknesses in last-mile delivery.

By Graham Kajilwa 1 month ago